- Stellar launches the world’s first on-chain Universal Basic Income (UBI), marking a historic milestone in blockchain adoption.
- Experts highlight Stellar’s UBI as a blueprint for social impact, demonstrating how crypto can empower communities.
- XLM approaches critical support zones, signaling a multi-year turnaround for long-term investors.
Stellar has enabled the world’s first on-chain disbursement of Universal Basic Income (UBI), marking a historic moment for blockchain adoption. By distributing funds directly on-chain, the initiative bypasses traditional financial hurdles, offering a fast, secure, and transparent method of wealth transfer. This milestone shows how crypto can move beyond speculation toward real-world social impact.
Experts hail the project as a blueprint for meaningful blockchain applications, demonstrating that networks like Stellar can empower communities and improve economic access. It highlights the potential of crypto to address societal challenges, not just financial markets. With this achievement, Stellar positions itself at the forefront of practical, transformative blockchain innovation.
Also Read: Stellar Technical Analysis: Could XLM Reach $0.50 Resistance in the Next Rally?
Stellar (XLM) Set for Multi-Year Turnaround
Moreover, the data from More Crypto Online revealed that Stellar (XLM) may be close to the conclusion of the multi-year correction that began all the way back in 2018. This is something that market observers are following closely, as the market action could show which course the asset will follow into the future.
In the first scenario, the price movement since the 2018 high can be identified as the corrective triangle A-B-C-D-E. The E wave is now playing out as the sub-wave A-B-C, with the possible support at $0.079 and $0.163. If this is the case, then the region will serve as the springboard for the price movement to the upside for the fifth wave.
Source: X
There is an alternative setup that proposes Wave 4 was already accomplished within 2020 and that a structure A-B-C is formed within the uptrend on a higher level on the chart for the XLM. It would seem that the yellow C wave forms on a diagonal while the market undergoes the pullback within the phase of the B wave.
Both of these patterns lead to the critical area of support, where the lower side of the triangular formation acts as an additional point of support for the token. It will be important to see how the market performs in this region because it might lead to one pattern being dominant over the other.
Also Read: Stellar (XLM) Eyes $0.57 as Bullish Flag and TD Sequential Trigger Optimism
